Thursday, 10 July 2014

The Net-Positive Dogecoin Business initiative

I try to hold Dogecoin and when I get BTC, I usually convert to Doge. By using Dogecoin as a currency, and using services that use Dogecoin as a currency, we effectively create a closed loop that can only result in Dogecoin reaching the moon! Therefore, I would like to lead the initiative for a concept I call the Net-Positive Dogecoin Business (NPDB).

A net-positive Dogecoin business does the following:

Supporting services for the business should be paid with Dogecoin whenever possible, even if this means choosing a slightly less desirable service that accepts Dogecoin. An example of a supporting service would be computer stores that accept Dogecoin when buying hardware, internet service providers that accept Dogecoin, domain registrars that accept Dogecoin..etc.

Preference would be given to a supporting service that claims to not convert immediately to fiat and rather tries to use Dogecoin

The business should accept Dogecoin and try to convert to Dogecoin when possible

Overall the business should, through regular operation, increase the market cap of Dogecoin by running a business that puts a priority on circulating Doge and/or converting FIAT to Doge

Ideally, the Dogecoin foundation would come up with a review process before approving a business as a NPDB and these businesses would show up on various official Dogecoin websites and forums in a favorable spot. Until a review process can be decided upon, we should probably accept businesses that claim to be net-positive at their word, even if it's just to get the ball rolling.

Ideally, we would want to come up with a badge that a website can post on their site (which would link back to the official Dogecoin website) that shows off their dedication to being a NPDB. Hopefully our community of talented artists can come up with something! ;)